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09-09-2019 City of Edgewater 104N Riverside Drive Edgewater,FL 32132 EpGEWATER Meeting Agenda Community Redevelopment Agency Monday,September 9,2019 5:00 PM Council Chambers Workshop We respectfully request that all electronic devices are set for no audible ))noo�tification. 1. CALL TO ORDER,ROLL CALL y 2. PRESENTATION-DISCUSSION a. Proposed Capital Improvement Projects and possible Fagade Grants for 2019-2020 Budget Auachments. EDGEWATER CRP Final Approved 2015-R-10 in color .County Resolution 2014-159 Edgewater CRA 11-20-14 Posed EWCRA Bud 12019-202 re 437121-1 Candidate P 'ect T ch - I Scgce HB 9 re CRA 2019 Staff As HB 9 re CRA 2019 c - t 3. ADJOURN 5 '33 ej r Pursuant to Chapter 186, RS, Van individual decides to appeal any decision made with respect 10 any _ i—`w\I matter considered at a meeting or hearing, that individual will need a record of the proceedings and will need to ensure that a verbatim record of the proceedings is made. The City does not prepare or provide such record. In accordance with the Americans with Disabilities Act,persons needing assistance to participate in any of these proceedings should contact City Clerk/Paralegal Robin L.Matusick, CMC,104 N. Riverside Drive, Edgewater,Florida, telephone number 386-424-2400 x 1101, 5 days prior to the meeting date. If you are hearing or voice impaired,contact the relay operator at 1-800-955-8771 One or more members of City Council or other advisory boards may be present. curmrea. w Py 1 Amd.4V?7rzon City of Edgewater Agenda Workshop - CRA Monday, September 9, 2019 5:00 pm Council Chambers We respectfully request that all electronic devices are set for no audible notification. 1. CALL TO ORDER, ROLL CALL 2. PRESENTATIONS -DISCUSSION- a. Presentation by Samantha Bergeron, CRA Coordinator on Proposed Capital Improvement Projects and possible Facade Grants for 2019-2020 Budget 3. ADJOURN t City of Edgewater Community Redevelopment Agency Proposed Budget Fiscal Year October 1, 2019 - September 30, 2020 Time:2015-2035 Board:City Council 400 Acres Contact:Samantha Bergeron,Director Parks&Recreation URL:www.EdgewaterCRA.org Pre-liminary Value 51,583,895 as of lune 21,2019 Less Base Year Tax Value:$62,754,205 Option 1 Equals Increment Value:$18,829,690 per thousand @6.7 Mils @ 95% Revenues: Description Amount City TIF(6.7 Mils) $ 119,851 County TIF(5.6944 Mils) $ 90,616 Interest $ 66 Balance Brought Forward $ 307,227 Total Proposed Revenues _ $ 517,760 Expenses: Description Amount Capital Projects: 1. East Indian River Blvd. Median Cut through Paving $ 20,000 2. Extend Water Line E. Indian River Blvd to Riverside Drive along US1 $ 225,000 Facade Grants(Small Scale) $ 50,000 Land Appraisals $ 500 Land Acquisitions $ 212,260 Way Finding Signs $ 10,000 To Proposed Expenses $ 517,760 City of Edgewater Community Redevelopment Agency Proposed Budget Fiscal Year October 1, 2019 - September 30, 2020 Time:2015-2035 Board:City Council 400 Acres Contact:Samantha Bergeron,Director Parks&Recreation Pre-Iiminary Value$1,583,895 as of June 21,2019 URL:w .EdgewaterCRA.org Less Base Year Tax Value:$62,754,205 Option 2 Equals Increment Value:$18,829,690 per thousand @6.7 Mils @ 95% Revenues: Description Amount City TIF(6.7 Mils) $ 119,651 County TIF (5.3323 Mils@95%@95%j $ 90,616 Interest $ 66 Balance Brought Forward $ 307,227 Total Proposed Revenues $ 517,760 Expenses: Description Amount Capital Projects: 1. East Indian River Blvd. Median Cut through Paving $ 20,000 2. Extend Water Line E. Indian River Blvd to Riverside Drive along US1 $ 225,000 Fagade Grants(Small Scale) $ 50,000 051&Park Avenue Intersection Improvements_ $ 222,760 Part of FOOT 437121-1 Park Avenue Signal Rebuild Total Proposed Expenses $ 517,760 HOUSE OF REPRESENTATIVES STAFF ANALYSIS FINAL BILL ANALYSIS BILL #: CS/HB 9 Community Redevelopment Agencies SPONSOR(S): State Affairs Committee; LaMarce TIED BILLS: IDENJSIM. BILLS: CS/CS/SB 1054 REFERENCE ACTION ANALYST STAFF DIRECTOR or BUDGET/POLICY CHIEF 1) Local, Federal &Veterans Affairs Subcommittee 10 Y,4 N Darden Miller 2)Ways& Means Committee 11 Y, 6 N Curry Langston 3) State Affairs Committee 16 Y. 7 N,As Darden Williamson CS FINAL HOUSE FLOOR ACTION: GOVERNOR'S ACTION: Approved 81 Y's 30 N's SUMMARY ANALYSIS CS/HB 9 passed the House on April 17, 2019. The bill was amended in the Senate on May 1, 2019, and returned to the House. The House concurred in the Senate amendment and passed the bill as amended on May 2, 2019. The Community Redevelopment Act authorizes counties and municipalities to create community redevelopment agencies(CRAB) as a means of redeveloping slums and blighted areas. CRAB operate under a community redevelopment plan and are primarily funded by tax increment financing (TIF). The bill increases accountability and transparency for CRAB by: • Requiring the governing board members of a CRA to undergo four hours of ethics training annually; �•' Requiring each CRA to use the same procurement an purc aslrlg processes as the creafing county or municipality; V,,- Expanding the annual reporting requirements for CRAB and requiring the information and data to be posted on the agency website; Providing that moneys in the redevelopment trust fund may only be expended pursuant to an annual budget adopted by the board of commissioners of the CRA and only for those purposes specified in current law, Authorizing the local governing body creating the CRA to adjust the level of TIF available to the CRA; Requiring a CRA created by a municipality to provide its budget and any amendments to the board of county commissioners for the county in which the CRA is located by a time certain; and Requiring counties and municipalities to include CRA data in their annual financial report. The bill provides for the phase-out of existing CRAB, except those with any outstanding bond obligations. However, the governing board of a creating local government entity may prevent the phase-out of a CRA by a majority vote to retain the agency. The bill provides a process for the Department of Economic Opportunity to declare a CRA inactive if it has reported no revenues, no expenditures, and no debt for six consecutive fiscal years. The bill may have a fiscal impact on the state and local governments. The bill was approved by the Governor on June 28, 2019, ch. 2019-163, L.O.F., and will become effective on October 1, 2019. This dwuoi does not reflect the Intent or official posiflon of the bill sporreor or House of Representatives. STORAGE NAN E:h0009z1.LFV.D0CX DATE'.7/112019 I. SUBSTANTIVE INFORMATION A. EFFECT OF CHANGES: Present Situation Community Redevelopment Act The Community Redevelopment Act of 1969(Act)' authorizes a county or municipality to create a community redevelopment agency (CRA) as a means of redeveloping slums and blighted areas. The Act defines a "blighted area" as an area in which there are a substantial number of deteriorated structures causing economic distress or endangerment to life or property and two or more of the following factors are present: • Predominance of defective or inadequate street layout, parking facilities, roadways, bridges, or public transportation facilities; • Aggregate assessed values of real property in the area for ad valorem tax purposes have failed to show any appreciable increase over the five years prior to the finding of such conditions; • Faulty lot layout in relation to size, adequacy, accessibility, or usefulness; • Unsanitary or unsafe conditions; • Deterioration of site or other improvements; • Inadequate and outdated building density patterns; • Falling lease rates per square foot of office, commercial, or industrial space compared to the remainder of the county or municipality; • Tax or special assessment delinquency exceeding the fair value of the land; • Residential and commercial vacancy rates higher in the area than in the remainder of the county or municipality; • Incidence of crime in the area higher than in the remainder of the county or municipality; • Fire and emergency medical service calls to the area proportionately higher than in the remainder of the county or municipality; • A greater number of violations of the Florida Building Code in the area than the number of violations recorded in the remainder of the county or municipality; • Diversity of ownership or defective or unusual conditions of title which prevent the free alienability of land within the deteriorated or hazardous area; • Governmentally owned property with adverse environmental conditions caused by a public or private entity; or • A substantial number or percentage of properties damaged by sinkhole activity that have not been adequately repaired or stabilized. An area also may be classed as blighted if one of the above factors is present and all taxing authorities with jurisdiction over the area have agreed that the area is blighted by interlocal agreement or by passage of a resolution by the governing bodies.' The Act defines a "slum area"as'an area having physical or economic conditions conducive to disease, infant mortality,juvenile delinquency, poverty, or crime because there is a predominance of buildings or improvements"in poor states of repair with one of the following factors present: • Inadequate provision for ventilation, light, air, sanitation, or open spaces; 'Ch 163,pert 111,F.S. 'S. 163.340(8),F.S. !d. STORAGE NAME:h0009z1.LW.D0Cx DATE:7/1/2019 PAGE:2 • High density of population, compared to the population density of adjacent areas within the county or municipality, and overcrowding, as indicated by government-maintained statistics or other studies and the requirements of the Florda Building Code, or • The existence of conditions that endanger life or property by fire or other causes.' Creation of Community Redevelopment Agencies Either a county or a municipal government may create a CRA. Before creating a CRA, a county or municipal government must adopt a resolution with a "finding of necessity."' This resolution must make legislative findings"supported by data and analysis" that the area to be included in the CRA's jurisdiction is either blighted or a slum and that redevelopment of the area is necessary to promote "the public health, safety, morals, or welfare" of residents.' A county or municipality may create a CRA upon the adoption of a finding of necessity and a finding that a CRA is necessary for carrying out the community redevelopment goals embodied by the Act.7 A CRA created by a county may only operate within the boundaries of a municipality when the municipality has concurred by resolution with the community redevelopment plan adopted by the county.A CRA created by a municipality may not include more than 80 percent of the municipality if it was created after July 1, 2006.6 The ability to create, expand, or modify a CRA is also determined by the county's status as a charter or non-charter county, as summarized below: County Status Authority Charter County- CRA created County possesses authority to create CRAB within the county, but after ado tion of charter9 may delegate authorityto a munici l via interlocal a reement. Charter County -CRA created County does not have authority over CRA operations, including before adoption of charter1° modification of redevelopment plan or expansion of CRA boundaries. Non-Charter County County does not have authority over CRA operations, inducting modification of redevelopment plan or expansion of CRA boundaries. As of March 1, 2019, there were 227 CRAG in Florida, which is a 30 percent increase over theast decade." p Community Redevelopment Agency Boards The Act allows the local governing body creating a CRA to choose between two structures when establishing the agency's governing board. 4S. 163.340(7 F.S. cee s.163.355,F.S.(prohibiting counties and municipalities Born exercising powers under the Act without a finding of necessity). 'S. 163.356(1),F.S. 6 S. 163.340(10),F.S. 'S. 163.410,F.S. m Id, " S. 163.415,F.S. 1°Dept.of Economic Opportunity, Special District Accountability Program,Oficial List of Special Districts Online, hnp://spwialdistrictreports.floridajobs.org/webrel)orts/mainindex.mpx(last visited Mar. 1,2019)(227 active CRAB as of Mar. 1, 2019,compared to 200 active CRAB with creation dazes on or before Mar. 1,2009). STORAGE NAME'.h000k1.LP .DOCX PAGE:3 DATE:7/112019 One option is to appoint a board of commissioners cons sting of five to nine members serving four-year terms The local governing body may appoint any perscn as a commissioner who lives in or is engaged in business in the agency's area of operation. -he local governing body making the appointment selects the chair and vice chair of the commission." Commissioners are not entitled to compensation for their°sewices, but may receive reimbursement for expenses incurred in the discharge of their official duties. Commissioners and employees of an agency are subject to the code of ethics for public officers and employees under ch. 112, F.S." J The other option is for the local governing body to appoint itself as the agency board of commis two hs na If the local governing body consists of five members, the local governing body may appoint two additional members to four-year terms.'=The additional members either must meet the selection criteria for appointed board members under s. 163.356, F.S., or may be representatives of another taxing authority within the agency's area of operation, subject to an interlocal agreement between the local governing body creating the CRard the other ,taxing authority.20 As of March 1, 2019, the local governing body creating the CRA serves as the CRA board for 159 of the 227 active CRAs.2' Community Redevelopment Agency Operations The CRA board of commissioners is responsible for exercising the powers of the agency.'A majority of the board's members are required for a quorum.A CRA may employ an executive director, technical experts, legal counsel, and other agents and employees necessary to fulfill its duties." A CRA exercising its powers under the Act must file an annual report with the governing body of the creating local government enfity.21 The report must contain a complete financial statement of the assets, liabilities, income, and operating expenses of the agency. The CRA must publish a notice in a newspaper of general circulation in the community that the report has been filed and is available for inspection during business hours in the office of the clerk of the city or county commission and the office of the agency. As a type of dependent special district,25 a CRA also must maintain certain information on an official website.Z6 The website may be part of the creating governmental entity's website.2'The information "S. 163356(2),F.S. 4S. 163.356(3)(6) F.S.A person is"engaged in business"if he or she owns a business,performs services for compensation,or serves as an officer or director of a business that owns property or performs services in the agency's area of operation. :IS163.356(3xc),F.S. .S. 163.356(3xa),F.S. "S. 163.367(lh F.S,but cf S.112.3142,F.S.(requiring ethics training for specific constitutional officers and elected municipal officers). is S. 163.357(l)(a),F.S. S. 163.357(1)lcx F.S. a'S.163357(l)(c}(d),F.S. n Dept.of Economic Opportunity,Special District Accountability Program,Official List of Special Districts Online, http://spwialdistrictreports.Noridajobs.org/webreports/mainindex.aspx(last visited Mar. 1,2019). S. 163.356(3x6),F.S. 29 S. 163.356(3xc),P.S. 1d. 21 See S. 189.012(2),F.S.(defining"dependent special district"as any special district that meets a least one ofthe following criteria: the membership of its governing body is identical to that ofthe governing body of a single county or a single municipality;all members of its governing body are appointed by the governing body of a single county or a single municipality;members ofthe special district's governing body are subject in removal at will by the governing body of a single county or a single municipality during their unexpired terms;or the district has a budget that requires approval through an affirmative vote or can be vetoed by the governing body ofa single county or a single municipality.) STORAGE NAME:h0009a1 LFV.DOCx PAGE:0 DATE'.]1112019 required to be posted includes the public purpose of the CRA.'` the description of the CRA'= boundaries and the services it provides,29 a listing of all amounts collected for the fiscal year by the CRA and the sources of those revenues.30 the CRA's budget and any amendments," and the final, complete audit report forthe CRA's most recently completed fiscal year as well as all other audit reports required by law." / Community Redevelopment Plans v A community redevelopment plan must be in place before a CRA can engage in operations."The county, the municipality, the CRA itself, or members of the public may submit the plan. Once the plan is submitted, the CRA then chooses which plan it will use as its community redevelopment plan.30 Next, the CRA must submit the plan to the local planning agency for review before the plan can be considered.'=The local planning agency must complete its review within 60 days. The CRA must submit the community redevelopment plan to the governing body that created the CRA as well as each taxing authority that levies ad valorem taxes on taxable real property contained in the boundaries of the CRA.'a The local governing body that created the CRA must hold a public hearing before the plan is approved." To approve the plan, the local governing body must find that: l// A feasible method exists to relocate families who will be displaced by redevelopment in safe � and sanitary accommodations within their means and without undue hardship; V q The community redevelopment plan conforms to the general plan of the county or municipality as a whole; / The community redevelopment plan gives due consideration to the utilization of community policing innovations and other factors encouraging neighborhood improvement, with special consideration for impacts on children; �• The community redevelopment plan encourages redevelopment by private enterprise to the maximum possible extent; and The community redevelopment plan will reduce or maintain evacuation time and ensure protection for property against exposure to natural disasters if the CRA is in a coastal tourist area.se The community redevelopment plan must also: Conform to the comprehensive plan for the county or municipality; Indicate land acquisition, demolition, and removal of structures; redevelopment, improvements, and rehabilitation as may be proposed to be carded out in the community redevelopment area; zoning and planning changes, if any; land uses; maximum densities; and building requirements; and rs S. ]89.069(1),F.S. n S. 189.069(l)(b),F.S. "S. 189.069(2)(a)2.,F.S. S. 189.069(2)(x)7.,F.S. 00 S. 189.069(2)(a)8.,P.S. n S. 184069(2)(8)11.,P.S. "S. I89.069(2)(a)l2.,F.S.See the section ofthe analysis on"Annual Financial Reports for local government Entities." "S. 163.3601 F.S. "S. 163.360(4),F.S. Id. w S. 163.360(5),F.S. S. 163360(6),F.S. "S. 163.360(7),F.S. STORAGE NAME:hDDp9[1.LW.DOCx PAGE:5 DATE:7/1/2019 • ?rovee for the development of affordable housing 11 the area, or state the reasons for not addressing in the plan the development of affordable housing,'9 Redevelopment Trust Fund CRAB may not levy or collect taxes; however, the local governing body may establish a community redevelopment trust fund that is funded through tax increment financing (TIF). The amount of TIF available to the agency in a given year is equal to 95 percent of medifference between • The amount of ad valorem taxes levied in the current year by each taxing authority, excluding any debt service millage, on taxable real property within the boundaries of the community redevelopment area; and • The amount of ad valorem taxes that would have been produced by levying the current year's millage rate for each taxing authority, excluding any debt service millage, on taxable real property within the boundaries of the community redevelopment area at the total assessed value of the taxable real property prior to the effective date of the ordinance providing for the redevelopment trust fund.40 A CRA created by Miami-Dade County on or after July 1, 1994, may set the amount of funding provided at less than 95 percent, with a floor of 50 percent 41 The TIF authority of a CRA may be limited where the CRA: • Did not authorize a study to consider whether a finding of necessity resolution should be adopted by June 5, 2006, did not adopt a finding of necessity study by March 31, 2007, did not adopt a community redevelopment plan by June 7, 2007, and was not authorized to exercise community redevelopment powers pursuant to a delegation of authority under s. 163.410, F.S., by a charter county;42 or • Adopted a modified community redevelopment plan after October 1, 2006, which expands the boundaries of the community redevelopment area, if the CRA is in a charter county and was not created pursuant to a delegation of authority under s.163.410, F.S 41 If either of these conditions occurs, a CRA may have TIF proceeds from other taxing entities capped at the millage rate imposed by the municipality that created the CRA.44 If either of these conditions occurs and the CRA is more than 25 years old, the CRA's TIF contributions from another taxing authority may be capped by resolution of the taxing authority at the sum of the amount of TIF available in the year before the resolution was approved and any increased increment subject to an area reinvestment agreement." Each taxing authority must transfer TIF funds to the redevelopment trust fund of the CRA by January 1 of each year. For CRAs created before July 1, 2002, each taxing authority must make an annual appropriation to the trust fund for a period of no more than 60 years from when the community redevelopment plan was adopted or no more than 30 years from when the plan was amended, '9 S. 163.360(2),F.S. w S. 163.387(])(a),F.S. 11!d As of March 1,2019,there were 10 CRAB operating in Miami-Dade County created after this provision took effect.See Dept.of Economic Opportunity,Special District Accountability Program,acral List of Special Districts Online, hllp://specialdishictrepoits.floridajobs.mg/webreports/mainindex.aspx(last visited Mar. 1,2019). °3 S. 163387(1x6)1,F.S. S. 163.387(1)(6)2,F.S. S. 163.387(l)(b)La,F.S. °5 S 163.387(1)(b)l.b.,F.S.An"area reinvestment agreement"is an agreement between the CRA and a private party that requires the increment computed for a specific area to be reinvested in services or public or private projects,or both,including debt service, supporting one or more projects consistent with the community redevelopment plan,which is identified in the agreement to be constructed within that area. STORAGE NME:h0009z1.LFV.D0CX PAGE:S DATE:W=19 whichever is lesser. For CRAB created on or after July 1, 2002, each taxing authority must make an annual appropriation to the trust fund for no more than 40 years from when the community redevelopment plan was adopted 16 if there are any outstanding loansadvances, or indebtedness at the conclusion of these periods, the local governing body that created the CRA must continue transfers to the redevelopment trust fund until the debt has been retired.17 If a (axing authority does not transfer the TIF funds to the redevelopment trust fund, the taxing authority is required to pay a penalty of 5 percent of the TIF amount to the trust fund as well as 1 percent interest per month for the outstanding amount."A CRA may choose to waive these penalties in whole or in part. T following taxing authorities are exempt from contributing to the redevelopment trust fund: • A school district 69 • A special district that levies ad valorem taxes on taxable real property in more than one county; • A special district for which ad valorem taxation is the sole source of revenue; • A library district, unless the library district is in a jurisdiction where the CRA had validated bonds as of April 30, 1984; • A neighborhood improvement district; • A metropolitan transportation authority; • A water management district created under s. 373.069, F.S.; and • A hospital district that is a special district ff the CRA was created on or after July 1, 2016.60 Additionally, the local governing body creating the CRA may choose to exempt other special districts levying ad valorem taxes in the community redevelopment area.51 The decision to grant the exemption must be based on statutory criteria, must be adopted at a public hearing, and the conditions of the exemption must be included in an interlocal agreement between the county or municipality and the special district. Any revenue bonds issued by the CRA are payable from revenues pledged to and received by the CRA and deposited into the redevelopment trust fund.52 The lien created by the revenue bonds does not attach to the funds until the revenues are deposited in the redevelopment trust fund and do not grant bondholders any right to require taxation in order to retire the bond. Revenue bonds issued by a CRA are not a liability of the state or any political subdivision of the state and this status must be made clear on the face of the bond.59 A CRA may spend funds deposited in its redevelopment trust fund for"purposes, including, but not H i to': Administrative and overhead expenses necessaryor incidental to the implementation of a community redevelopment plan adopted by the agency; Vxpenses of redevelopment planning, surveys, and financial analysis, including the reimbursement of the governing body or the CRA for such expenses incurred before the redevelopment plan was approved and adopted; •acquisition of real property in the redevelopment area; "S. 163.387(2)(a),F.S. 41 S. 163.387(3)(a�F.S. u S. 163.397(2X6),F.S. w See a. 163.340,F.S.(defining a"taxing authority"as"a public body that levies or is authorized to levy an ad valorem taxon real rperty located in a conununity redevelopment area"and defining a"public body"as excluding school districts.) S. 163.397(2)(c),F.S. 51 S. 163.387(2)(d),F.S. s2 S. 163.387(4),F.S. 91 S. 163.387(5),F.S. STORAGE NAME:h0009zl.LFV.DOCX PAGE:7 DATE:7/1/2019 Clearance and preparation of any redevelopment area for redevelopment and relocation of site occupanls within or outside the community redevelopment area as provided in s. 163.370, F.S.; Repayment of principal and interest or any redemption premium for loans, advances, bonds, bond anticipation notes, and any other form of indebtedness; All expenses incidental to or connected with the issuance, sale, redemption, retirement, or purchase of bonds, bond anticipation notes, or other form of indebtedness, including funding of any reserve, redemption, or other fund or account provided for in the ordinance or resolution authorizing such bonds, notes, or other form of indebtedness; evelopment of affordable housing within the community redevelopment area; and Development of community policing innovations.50 If any funds remain in the redevelopment trust fund on the last day of the fiscal year, the funds must be: • Returned to each taxing authority on a pro rata basis; • Used to reduce the amount of any indebtedness to which increment revenues are pledged; • Deposited into an escrow account for the purpose of later reducing any indebtedness to which increment revenues are pledged; or • Appropriated to a specific redevelopment project pursuant to an approved community redevelopment plan and the project must be completed within three years from the date of such appropriation.se Each CRA must provide for an annual audit of its redevelopment trust fund, conducted by an independent certified public accountant or firm.i6 Community Redevelopment Agency Oversight and Accountability Miami-Dade County Grand Jury Report A Miami-Dade County grand jury issued a report in 2016 after"learning of several examples of mismanagement of large amounts of public dollars"by CRAB s'The report found that some CRA boards were"spending large amounts of taxpayer dollars on what appeared to be pet projects of elected officials"and "there is a significant danger of CRA funds being used as a slush fund for elected officials.n58 In the event funds were misused, the report found that the Act lacked any accountability and enforcement measures. The report noted that while county and municipal governments may not pledge ad valorem tax proceeds to finance bonds without voter approval, the board of a CRA could pledge TIF funds to finance bonds without any public input.59 The grand jury found that redevelopment trust fund money was often used Without the exercise of any process of due diligence, without justification and without recourse n80 The report noted that the Act does not provide guidelines for the proper use of CRA funds, resulting in questionable expenditures.61 For example, one CRA highlighted in the report spent $300,000 of its $400,000 budget on administrative expenses. The report also found examples of the CRA funds being used to fund fairs, s°S. 163.387(6 F.S. ss S. 163.387(7),F.S. sb S. 163.387(8),F.S. s'Miami-Dade County Grand Lary,Finat Report for Spring Term A.D 2015,at l(filed Feb.3,2016). e Id.at 7. Id.at 9. 60 Id.at 14. ld at 15. STORAGE NAME:h0009z1.LFV.D0dX PAGE.a DALE:7/112019 I carnivals, and other community entertainment events.62 Additionally. the report found that funds might have been misused as part of the CRA contracting process since there is no specified procurement process for CRAs.Si While the Act stales affordable housing is one of the three primary purposes for the existence of CRAs, the report found that the provision of affordable housing by CRAB -appears to be the exception and not the rule." The report stated that while CRAB cite prohibitive costs as a reason for not developing affordable housing, funds are often used for other purposes.55 Some CRAB have requested that their boundaries be extended to include areas for low-income housing while not providing any affordable housing.66 Some CRA board members have stated the agencies do not focus on affordable housing because it does not produce sufficient revenue sr Another area of concern for the grand jury was a focus on removing blight by improving the appearance of commercial areas, but leaving slum conditions in place, particularly in the form of multi-family housing that is "unsafe, unsanitary, and overcrowded."66 The grand jury points to news coverage of some apartment buildings with overflowing toilets and frequent losses of power due to the need for repairs. The report notes the contrast between these conditions and the use of some CRA proceeds to "fund ball stadiums, performing arts centers[]and dog parks."69 The grand jury report also notes that while a finding of necessity is required for creating a CRA, there is no process for determining whether the mission of the CRA has been fulfilled.70 The report concludes by making 29 recommendations for ensuring transparency and accountability in the operation of CRAB, including: • Requiring all CRA boards to contain members of the community; • Imposing a cap on annual CRA expenditures used for administrative costs; • Requiring CRAB to adopt procurement guidelines that mirror those of the associated county or municipality; • Requiring each CRA to submit its budget to the county commission with sufficient time for full consideration; • Setting aside a percentage of TIF revenue for affordable housing; and • Imposing ethics training requirements." Broward County Inspector General Reports The Broward County Office of the Inspector General has conducted two investigations into CRA operations in the past six years: Hallandale Beach CRA in 2013' and Margate CRA in 2014." 63 Id.at 16. 6l Id. .1117. b1 Id.at 19. m Id. 6Id. 6'Id.at 20. B Id at 22. Id. '0 Id.a[32. 7'1d.m 34-36. "Broward Office ofthe Inspector Gen.,Final Report Re:Gross Mtsmanagement cy Public Funds by the City of Hallandale Beach and the Hallandale Beach Community Redevelopment Agenry,OIG 11-020(Apr.18,2013). n Broward Office ofthe Inspector Gen.,Final Report ReMisconduct by the luargare Community Redevelopmem Agency in the Handling of Taxpayer Funds,OIG 13-015A(July 22,2014). STORAGE NAME'.h0009d.LFV.00CX PAGE:9 DATE'71112019 The investigation into the Hallandale Beach CRA showed that the agency failed to create a trust fund and that the city commission failed to operate the CRA as an entity separate from the city." The former executive director of the CRA stated the city had "free reign' to use funds from the CRA's account.71 The report found over $2 million of questionable expenditures by the Hallandale Beach CRA between 2007 and 2012, including $125,000 in inappropriate loans and $152,494 spent on "civic promotions such as festivals and fireworks displays.""After some of these issues were brought to the attention of the city and the CRA, the CRA continued working on a funding plan that included spending $5.347,000 on two parks outside of the boundaries of the CRA. The report also found that the CRA paid "substantially more than its appraised value"to purchase a property owned by a church whose pastor was a city commissioner at the time.17 The investigation of the Margate CRA showed a failure to allocate properly TIF funds received from the county and other taxing authorities.'a While the CRA stated unused funds were not returned because they were allocated for a specific project, the investigation showed the agency had a pattern of intentionally retaining excess unallocated funds for later use 79 This pattern of misuse had resulted in a debt to the county of approximately$2.7 million for fiscal years 2008-2012.'o editor General Reports The Auditor General is required to conduct a performance audit of the local government financial information reporting system every three years.81 As part of the 2014 performance audit, the Auditor General made five findings concerning CRAB and suggestions to enhance current law: • Create greater specificity as to the types of expenditures that qualify for undertakings of a CRA. • Provide county taxing authorities more control over expenditures of CRAB created by municipalities to help ensure that CRA trust fund moneys are used appropriately. • Require all CRAB, including those created before October 1, 1984, to follow the statutory requirements governing the speck authorized uses of CRA trust fund moneys. • Allow CRAB to provide for reserves of unexpended CRA trust fund balances to be used during financial downturns. • Require compliance with the audit requirement in s. 163.387(8), F.S., and require such audits to ude a determination of compliance with laws pertaining to expenditure of, and disposition of, unused CRA trust fund moneys.82 Llsoiew of audit procedures for 60 CRAB found that 10 percent of counties and municipalities e CRA trust fund in their financial reporting as a °nonmajor fund,"thereby failing to provide a evaluating the adequacy of internal controls and compliance with state law.a3 The review 7 percent of audit reports (including 50 percent of audit reports that reported the CRA trustnonmajor fund")did not provide sufficient information about deposits and withdrawals fromst fund. '4 City of Hallandale Beach, supra note 62,at 1. "Id.at 28. Id.at I. "Id.at 2. "Margate Community Redevelopment Agency,supra note 63,at 1. 79 Id. 80 Id.a 2. 01 S. 11.45(2)(g),F.S. "Fla.Auditor Gen.,Report No.2015-037(Oct 2014). Q7 Fla.Auditor Gen.,Report No.2019-028(Sept.2018). STORAGE BANE:h0XQzI.LW.DOOX PAGE: 10 DATE:71/2019 Ethics Train fig keouirements for Public Officials Constitutional officers and all elected municipal officers must complete four hours of ethics training on an annual basis.' The required ethics training must include instruction on s. S, Art. II of the Florida Constitution, the Code of Ethics for Public Officers and Employees, and the public records and public meetings laws. This requirement may be met by attending a continuing legal education class or other continuing professional education class, seminar, or presentation if the required subjects are covered. Inactive Special Districts A "special district" is a unit of local government created for a particular purpose, with jurisdiction to operate within a limited geographic boundary. Special districts are created by general lai special act,a`local ordinance a' or by rule of the Governor and Cabinet.88 A special district has only those powers expressly provided by, or reasonably implied from, the authority provided in the district's charter. Special districts provide specific municipal services in addition to, or in place of, those provided by a municipality or county.aa A special district may be 'dependenti90 or"independent."" All CRAB are dependent special districts." The Special District Accountability Program within the Department of Economic Opportunity (DEO) is responsible for maintaining and electronically publishing the official list of all special districts in Florida."The official list currently reports all active special districts as well as those declared inactive by DEO. Whether dependent or independent, when a special district no longer fully functions or fails to meet its statutory responsibilities, DEO must declare the district inactive by following a specified process.9' DEO must first document the factual basis for declaring the district inactive. A special district may be declared inactive if it meets one of the following criteria: • The registered agent of the district, the chair of the district governing body, or the governing body of the appropriate local general-purpose government: ➢ Provides DEO with written notice that the district has taken no action for two or more years; ➢ Provides DEO with written notice that the district has not had any members on its governing body or insufficient numbers to constitute a quorum for two or more years; or 8°S. 112.3142,F.S.A"constitutional officer"is defined m the Governor,the Lieutenant Govemon the Attorney General,the Chief Financial Officer,the Commissioner of Agriculture,state attorneys,public defenders,sheriffs,tax collectors,property appraisers, supervisors of elections,clerks ofthe circuit court,county commissioners,district school board members,and superintendents of schools. es S. 189.031(3),F.S. "!d. in S. 189.02(1),P.S. is S. 190.005(l),F.S.See generally s. 18 9.012ft F.S. 89 2018-2020 Local Gov't Formation Mamml,64,available at tips://www.myfloridabome.gov/Sections/Committees/wmmitteesdetail.upx?Commis Id=3025(lett visited Mar. 1,2017). S. 189.012(2),F.S.A"dependent special district"is a special district where the membership of the governing body is identical to the governing body of a single county or municipality,all members of the governing body are appointed by the governing body of a single county or municipality,members of the district's governing body are removable a will by the governing body of a single county or municipality,or the district's budget is subject to the approval of the governing body of a single county or municipality. B1 S. 189.012(3),ES.An"independent special district"is a special district that is not a dependent district. ss See is. 163.356, 163.357,F.S.(board of commissions of CRAB are appointed by a local governing body or are the local governing body). "Ss. 189.061(1),189.064(2),F.S.Dept.ofFconomic Opportunity,Special District Accountability program, Official List of Special Districts Ondine,http://specialdistrictrepom.floridajobs.org/webmporrs/mainindex.wpx(last visited Mar. 1,2019). "S. 189.062(1),F.S. STORAGE NAME:h0009a11FV.D0Cx PAGE:11 DATE.]1112019 Fails to respond to an inquiry by DEO within 21 days. • Following statutory procedure,96 DEC) determines the district failed to file specified reports," including required financial reports 9' • For more than one year, no registered office or agent for the district was on file with DEO • The governing body of the district unanimously adopts a resolution declaring the district inactive and provides documentation of the resolution to DEO."" Once DEO determines which criteria apply to the district, notice of the proposed declaration of inactive status is published by DEO, the local general-purpose government for the area where the district is located, or the district itself.10' The notice must state that any objections to declaring the district inactive must be filed with DEO pursuant to chapter 120, F.S., within 21 days after the publication date.102 If no objection is filed within the 21-day period, DEC,declares the district inactive.103 After declaring certain special districts inactive, DEO must send written notice of the declaration to the authorities that created the district. If the district was created by special act, DEO sends written notice to the Speaker of the House of Representatives, the President of the Senate, and the standing committees in each chamber responsible for special district oversight.10° The statute provides that the declaration of inactive status is sufficient notice under the Florida Constitutiont"to authorize the repeal of special laws creating or amending the charter of the inactive district.108 This statute stands in lieu of the normal requirement for publication of notice of intent to file a local bill at least 30 days before introducing the bill in the Legislature.10' The property and assets of a special district declared inactive by DEO are first used to pay any debts of the district and any remaining property or assets then escheat to the county or municipality in which the district was located. If the district's assets are insufficient to pay its outstanding debts, the local general- purpose government in which the district was located may assess and levy within the territory of the inactive district such taxes as necessary to pay the remaining debt.100 A district declared inactive may not collect taxes,fees, or assessments.'09 This prohibition continues until the declaration of invalid status is withdrawn, revoked by DEO,110 or invalidated in an administrative proceeding11. or civil action'12 timely brought by the governing body of the special 9'S. 189.062(Ixa)1:3.,F.S. S6 S. 189.067,F.S. sr S. 189.066,F.S. w S. 189.062(1)(a}f.,F.S.See as. 189.016(9),218.32,218.39,F.S. 99 S.189.062(1)(a)S.,F.S. 'm S. 189.062(Ixa)i.,F.S. 101 Publication must be in a newspaper of general circulation in the county or municipality where the district is located and a copy must be sent by certified mail to the registered agent or chair of the district's governing body,if any. cu S. 189.062(10(6),F.S.The published notice also must include the name of the district,the law under which it was organized and 2 erating,and a description of the district's territory. ' S. 189.062(Ixc),F.S. 101 S. 189.062(3),F.S. :c,An.III,s. 10,Fla Const. im S. 189.062(3),F.S. 'm S. 11.02,F.S. 10a S. 189.062(2),F.S. iw S. 189.062(5),F.S. 110 S. 189.062(Sxa),F.S. °1 S. 189.06215)1 F.S.Administrative proceedings are conducted pursuant to s. 120.569,F.S. S. 189.062(5)(6)2.,F.S.The action for declaratory and injunctive relief is brought under ch.86,F.S. STORAGE NAME:h0009z1.LFV.DOCX PAGE: 12 DATE:7/1/2079 district. ' Failure of the special district to challenge (or prevail against) the declaration of inactive status enables DEO to enforce the statute through a petition for enforcement in circuit court."' Declaring a special district to be inactive does not dissolve the district or otherwise cease its legal existence. Subsequent action is required to repeal the legal authority creating the district, whether by the Legislature15 or the entity that created the district."' Annual Financial Reports for Local Government Entities Counties, municipalities, and special districts must submit an annual financial report for the previous fiscal year to the Department of Financial Services (DFS)."' The report must include component units of the focal government entity submitting the report. If a local government entity is required to conduct an audit under s. 218.39, F.S., for the fiscal year, the annual financial report, as well as a copy of the audit report, must be submitted to DFS within 45 days of completion of the audit report, but no later than nine months after the end of the fiscal year. If the local government entity is not required to conduct such audit, the annual financial report is due no later than nine months after the end of the fiscal year. Each local government must provide a link to the annual audit report on its website. Effect of the Bill Termination of Community Redevelopment Agencies The bill provides for the termination of existing CRAB at the earlier of the expiration date stated in the agency's charter"' or on Seote____ mbe�r 3002039. However, the governing board of a creating local government entity may prevent the termination of a CRA by a majority vote. The bill does not provide a deadline by which such vote must occur. If a governing board does not vote to continue a CRA with outstanding bond obligations as of October 1, 2019, and those bonds do not mature until after the earlier of the termination date of the agency or September 30, 2039, the bill provides that the CRA remains in existence until the bonds mature.A CRA in operation on or after September 30, 2039, may not extend the maturity date of its bonds. The bill requires a county or municipality operating an existing CRA to issue a new finding of necessity that is limited to meeting the remaining bond obligations of the CRA in a timely manner. Inactive Community Redevelopment Agencies i The bill provides a new inactivity criterion for CRAB.Any CRA reporting no revenues, no expenditures, and no debt for six consecutive fiscal years beginning on October 1, 2016, must be declared inactive by DEC. DEO must notify the CRA of the declaration of inactive status. If the CRA has no board or agent, the notice of inactive status must be delivered to the governing board of the creating local government entity. The governing board of a CRA declared inactive by this procedure may seek to invalidate the declaration by initiating proceedings under s. 169.062(5), F.S., within 30 days after the date of receipt of the DEC, notice. 1°The special district most initiate the legal challenge within 30 days after the date the written notice of DSO's declaration of inactive status is provided to the special district.S. 189.062(5)(6),F.S. S. 189.062(5xc),F.S.The enforcement action is brought in the circuit court in and for Leon County. Ss. 189.071(3),189.072(3),F.S. 16 S. 189.062(4),F.S.Unless otherwise provided by law or ordinance,dissolution of a special district transfers title to all district M� o the local general-purpose government,which also must assume all debts of the dissolved district Section 189.076(2),F.S. 132,F.S. ...The bill fixes the expiration daze stated in the CRA charter as of October 1,2019. STORAGE NAME:hl)009a11F Di PAGE.1a DATE:7!1/20[9 A CRA ceclared inactive may only expend funds from its redevelopment trust fund necessary to service oulstarn7mg bond debt. The.CRA may not expend other funds without an ordinance of the governing body of the creating local government entity consenting to the expenditure of funds. A CRA declared inactive by DEO in accordance with these criteria is exempt from the provisions of ss. 189.062(2) and 189.062(4), F.S. The bill further provides that the provisions of the new section are cumulative and, where conflicting, superior to the provisions of s. 189.062, F.S., which provides special procedures for inactive special districts. The bill directs DEO to maintain a separate list on its website of CRAB declared inactive pursuant to this new section. By November 1 of each year, the bill also requires DFS to submit an annual report to the Special District Accountability Program listing each CRA with no revenues, no expenditures, and no debt for the previous fiscal year. Budget and Funding The bill requires CRAB to comply with the budgeting, auditing, and reporting requirements of s. 189.016, F.S., except as otherwise provided by s. 163.387, F.S. The bill requires each CRA created by a municipality to submit its budget for the next fiscal year to the board of county commissioners for the county in which the CRA is located within 10 days after the date of the adoption. In addition, all amendments to the CRA's operating budget must be submitted to the board of county commissioners within 10 days after the date of the adoption of the amended budget. The bill also permits a CRA budget to include administrative and overhead expenses directly or indirectly necessary to implement a community redevelopment plan adopted by the CRA. Effective October 1, 2019, the bill provides that moneys in the redevelopment trust fund may only be expended pursuant to an annual budget adopted by the board of commissioners of the CRA and only for those purposes specified in current law. The bill removes a three-year time limitation on the rollover of redevelopment trust fund moneys appropriate o a specific redevelo to ro'ect pursuan to an appro unl re eve opmen pan, req s re aine mone to either be used for the aP - o e next arm ual ud et otthe CRA i e s I proles amen e eUr ui The bill authorizes the local governing body that created the CRA to determine the amount of TIF available to the CRA. The local governing body may set the level of funding at any amount between 50 percent and 95 percent of the increment. Reporting Requirements Annual Report Beginning arch 31, 202 and annually thereafter, the bill requires each CRA to submit an annual report to th nicipality that created the agency and to post the report to the agency's website. The report must include the most recent audit report of the redevelopment trust fund and provide performance data for each community redevelopment plan overseen by the CRA. The performance data report must include the following information as of December 31 of the year being reported: • Total number of projects the CRA started, total number of projects completed, and the estimated cost of each project; • Total expenditures from the redevelopment trust fund; • Assessed real property values within the CRA's area of authority as of the day the agency was created; STORAGE NAME'.h0009n1. F D0Cx PAGE:14 DATE:7/112019 • Total assessed real property values within the CRA as or January 1 of the year being reported: and • Total amount expended for affordable housing for low and middle income residents. The report must also include a summary indiciating to what extent, if any, the CRA has achieved the goals set forward in its community redevelopment plan. The bill requires each CRA to post, January 1, 2020, a igital map on its website depicting the boundaries of the district and the total istrict. If any change is made to the boundaries or total acreage, the bill requires the CRA to post the updated map files within 60 days after the date such change takes effect. Audit and Financial Report The bill expands the current reporting requirements for the audit report of the redevelopment trust fund to include: • A complete financial statement identifying all assets, liabilities, income, and operating expenses of the CRA as of the end of the fiscal year; and • A finding by the auditor determining whether the CRA complied with the requirements concerning authorized expenditures from the redevelopment trust fund and the use of funds remaining at the conclusion of the fiscal year. The bill provides that the audit requirement only applies to CRAB with revenues or total expenditures in excess of$100,000. The bill requires the audit report for each CRA to be included with the annual financial report submitted to DFS by the county or municipality that created the CRA, even if the CRA files a separate financial report with the Department of Financial Services under s. 218.32, F.S. The audit must be conducted pursuant to rules adopted by the Auditor General. The bill provides that if a county or municipality has a CRA, failure to include the CRA's annual audit as part of its annual report DFS constitutes a failure to complete the annual financial report under s. 218.32, F.S. Governance Beginning January 1, 2020, the bill re vires commissioners of a CRA to undergo annually at least four hours of ethics training on ad ressing constitu lona et ics provisions t e o e o t 1a r u is —OlTioers an m oy , arlu sae pu is recor s and ... laws. The bill requires CRAB to utilize the same procurement and purchasing processes for commodities and services as the county or municipality that created the CRA. II. FISCAL ANALYSIS & ECONOMIC IMPACT STATEMENT A. FISCAL IMPACT ON STATE GOVERNMENT: 1. Revenues: None, 2. Expenditures: The bill may require expenditures by DEO and DFS to the extent additional staff are necessary to comply with duties created by the bill. STORAGE NAME:h0009z1.LFV.l PAGE:15 DATE:7/1/2019 B. FISCAL IMPACT ON LOCAL GOVERNMENTS.- 1, Revenues: The bill would increase revenue to some local governments to the extent ad valorem taxation that would otherwise be received by those governments is currently deposited in the redevelopment trust fund. 2. Expenditures: None C. DIRECT ECONOMIC IMPACT ON PRIVATE SECTOR: None. D. FISCAL COMMENTS: None. STORAGE NAME:h0009z1.LW.D0Cx PAGE:16 DATE:70=19 Florida Department of Economic Opportunity CRA Requirement hap//floridaiobs ore/community-planning-and-development/special districts/special district accoun to bility-program/florida-special-district-handbook-on I i ne/crea tin¢-specia I-d i stricts#offwebsite Develop and Maintain an Official Website To increase special district accountability, oversight and transparency, all special districts must maintain an official website that complies with accessibility and minimum content requirements. Each new special district must have an official website by the end of the first full fiscal year after its creation. Website Accessibility Requirements Special district websites must comply with the Americans with Disabilities Act of 1990 and, if the special district received federal funding, the Rehabilitation Act of 1973. One way to help meet these requirements is to make websites accessible to people with disabilities who use assistive technology devices to access the Internet. Each special district should consult with its legal counsel regarding compliance requirements and should ensure that its webmaster is well trained in making websites accessible. You may test your webpages for compliance using commercial or free online checkers and evaluators and correct noted deficiencies. Examples of accessible website features include, but are not limited to, the following: A "skip navigation" link is present at the top of each webpage so screen reader users can bypass the various navigational links and go directly to the main content. Portable Document Format (PDF) files are readable by screen readers and braille displays. Unless remediated, scanned documents are not compliant. As an alternative, the content is provided in Hypertext Markup Language (HTML). • Links are descriptive so they make sense when read out of context. • Links are unique. • Acronyms have the proper markup to tell screen readers what to read. • "Alt tags" are present for images so screen reader users can hear a text alternative of the image. "Long descriptions" are present for complex images, such as graphs and charts, so screen reader users are redirected to a separate text-based page that provides a detailed explanation. • Videos have closed captioning or plain text scripts. • Color is not used to convey a message. • Online forms contain corresponding labels. For additional information about website accessibility, please visit the following resources: • Accessibility of State and Local Government Websites to People with Disabilities • Americans with Disabilities Act Best Practices Tool Kit for State and Local Governments • Web Content Accessibility Guidelines Overview Website Minimum Content Requirements Special district websites must meet the following minimum requirements as applicable: I. Basic Requirements: V/A. Each independent special district must maintain a separate website. ✓B. Each dependent special district must be prominently displayed on the home page of the local general-purpose government upon which it is dependent and linked to the special district's website. A dependent special district's website must: v9- Be maintained as a part of the local general-purpose government's website upon which it is dependent, or ,,Z.. Be maintained as a separate website C. All special districts must ensure that their official website address is on file with the Special District Accountability Program so the program can link to it from its website. To verify whether a special district's website address is on file with the program, see, Alphabetical List of Websites for Active Special Districts. Il. Post the Following Information at a Minimum: A. General Information: �Y The special district's full legal name (as cited in creation document and the Official List of Special Districts Online). ✓2' A public purpose statement. 3. A written description of the special district's boundaries or service area. V Additionally, posting a map may be useful. ✓4. The services provided. The full text of the special district's charter (creation document), as amended. Community Development Districts may reference Chapter 190, Florida Statutes - Community DevelopmentIDistricts, as the uniform charter, but must include information relating to any grant of special / powers. . The statute(s) under which the special district operates, if different from the statute(s) under which the special district was established. Include Chapter 189, Florida Statutes - Uniform Special District Accountability Act, since all special districts must comply with this law. VIf Date established (effective date of creation document). Establishing entity (legislature, county(ies), municipality(ies), or Governor and Cabinet). L/'B. General Contact Information: Mailing address,--' v2. Email address✓ v/3. Telephone number✓ v4. Web address ✓ 1'�Z. Registered agent / registered office (name and address of the registered agent on file with the Special District Accountability Program and listed in the Official List of Special Districts Online)✓ V�. Contact Information for Each Governing Body Member: 1. Name✓ 2. Official address-," ✓3 Official email address V If applicable, the term and appointing authority (county, municipality, Governor, etc.) D. Revenue Information: A listing of all taxes, fees, assessments or c Maes imposed and collected. vA. The rates or amounts for the current fiscal year. vA. The statutory authority for the levy of the tax, fee, assessment or charge. E. General Financial Information: ?. The fiscal year period - most special districts are required to use October V 1 through September 30; some housing authorities use January 1 through December 31 , April 1 through March 30 and July 1 through June 30. A link to the Florida Department of Financial Services - Local Government Financial Reporting webpage so the public can view the special district's Annual Financial Report, 3� The final, complete audit report for the most recent completed fiscal year ✓ and audit reports required by law or authorized by the governing body of the special district. /—F-) Budget Information: L1/ The tentative budget, if applicable — post at least two days before the budget hearing held pursuant to section 200.065, Florida Statutes, Method of fixing millage or other law, to consider such budget and keep it on the website for at least 45 days; �. Final adopted budget - post within 30 days after adoption and keep it on the website for at least two years (see General Budget Requirements) Budget amendment in which a resolution is required to adopt such an amendment (see Budget Amendment Procedures) - post within five days after adoption and keep it on the website for at least two years. G. Meeting Information: J Regular Public Meeting Schedule (quarterly, semiannually, or annually) (see Meeting Notices) ✓2: Meeting / workshop agendas - post at least seven days before the event and maintain on the website for at least one year. 3Meeting materials, when available in an electronic format, excluding confidential and exempt information - post at least seven days before the event and maintain on the website for at least one year. H. Ethics Information: 41ft 1 . Code of Ethics, if adopted. IZ-Z. A link to generally applicable ethics provisions (one option is to link to the Florida Commission on Ethics - Ethics Laws webpage). I. Retirement System Inform do - If applicable, Defined Benefit Retirement System or Plan Information (excluding the Florida Retirement System), as required by section 112.664, Florida Statutes - Reporting standards for defined benefit retirement plans or systems. For more information about the following retirement related website requirements, please see Additional Information - Florida Department of Management Services, Division of Retirement Contact (Local Retirement): 1 . The annual financial statements (for more information, see Additional Actuarial Disclosures) using prescribed mortality table (RP-2000 Combined Healthy Participant Mortality Tables, by gender, with generational projection by Scale AA). 2. The annual financial statements similar to those required above but which use an assumed rate of return on investments and an assumed discount rate that are equal to 200 basis points less than the plan's assumed rate of return. 3. Information indicating the number of months or years for which the current market value of assets are adequate to sustain the payment of expected retirement benefits as determined in the plan's latest valuation and under the financial statements prepared pursuant to (1) and (2) above. 4. Information indicating the recommended contributions to the plan based on the plan's latest valuation and the contributions necessary to fund the plan based on financial statements prepared pursuant to (1) and (2) above, stated as an annual dollar value and a percentage of valuation payroll. 5. The funded ratio of the system or plan as determined in the most recent actuarial valuation as part of the disclosure. 6. The plan's most recent financial statement and actuarial valuation, including a link to the Florida Department of Management Services, Division of Retirement Actuarial Summary Fact Sheet for that plan. 7. For the previous five years, beginning with 2013, a side-by-side comparison of the plan's assumed rate of return compared to the actual rate of return, as well as the percentages of cash, equity, bond and alternative investments in the plan portfolio. 8. Any charts and graphs of the data provided above presented in a standardized, user-friendly and easily interpretable format as prescribed by the Department of Management Services. J. Public Facilities Reports, if applicable (see The Public Facilities Report): 1 . Public Facilities Initial Report 2. Public Facilities Annual Notice of Any Changes 3. Public Facilities Update Report CRA WORKSHOP Board Member Power Board Member Yaney Board Member O'Keefe Board Member Conroy Chairman Thomas September 9, 2019 Also Present - City Manager Glenn Irby Board Coordinator Samantha Bergeron City Clerk/Paralegal Robin Matusick